Matrixdock Silver vs Kinesis Gold

Kinesis Gold (KAU) is 94.2× the size of Matrixdock Silver (XAGM) by market capitalisation. Over the past 30 days, KAU is ahead by 11.7 percentage points (XAGM -21.8% against KAU -10.1%). Their daily returns move closely together (correlation 0.70 across 32 shared trading days). XAGM has been the more volatile of the two, at 49% annualised against KAU's 33%.

Correlation: 0.70
Size ratio: 1 : 94.2
Ahead over 30 days: KAU

Matrixdock SilverXAGM

$52.1000

24h: +0.66%
Market cap: $3.81M
Volume 24h: $20,930
Volatility (ann.): 49%

Kinesis GoldKAU

$130.9600

24h: +2.79%
Market cap: $358.71M
Volume 24h: $467,347
Volatility (ann.): 33%

XAGM 1.1%Share of the two combined market caps98.9% KAU

Performance

XAGMKAU

7 days-6.27%-2.89%KAU
30 days-21.82%-10.08%KAU

Correlation

0.70over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7390d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	XAGM	KAU
Max drawdown (400d)	-25.9%	-18.0%
Risk-adjusted return (90d)	-0.47	-0.32

Relative strength over 90 days: KAU outperformed XAGM by 11.6% — measured on the XAGM/KAU ratio, so it holds regardless of market direction.

Matrixdock Silver →Kinesis Gold →